Carrier Signs Agreement to Acquire Toshiba's Stake in Toshiba Carrier Corporation

Carrier Global Corporation signed a binding agreement to acquire Toshiba Corporation's ownership stake in their joint venture, Toshiba Carrier Corporation (TCC). The acquisition aims to strengthen Carrier's position in the VRF and light commercial HVAC market and is expected to close by the end of Q3, subject to regulatory approvals.

“Carrier Global Corporation signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF) and light commercial HVAC joint venture with Carrier.”

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